- Associated Press - Wednesday, February 13, 2019

RALEIGH, N.C. (AP) - An idea pushed by North Carolina Senate Republicans to generate more public school construction money without additional borrowing has cleared a key committee.

The Senate’s budget-writing panel voted Wednesday for a measure to expand a recently created fund that pays down state debt and helps agency and university construction projects.

The legislation would direct a higher percentage of state revenues to the fund and also distribute proceeds to K-12 school and community college construction. Republicans say the proposal could mean $2 billion more for public school building over nine years.

The idea contrasts with a statewide education bond referendum sought by GOP House Speaker Tim Moore and Democratic Gov. Roy Cooper. Some committee Democrats questioned the pay-as-you-go method.

The bill next heads to another committee before any floor vote.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide